3565 NE Sandy Blvd - Storefront Retail/Residential FOR SALE


Portland, OR 97232- Laurelhurst
$375,000 USD
310-798-3123
3565 NE Sandy Blvd, Portland, OR for Sale
$375,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | Request Cap Rate

3565 NE Sandy Blvd
Portland, OR 97232
Laurelhurst


HIGHLIGHTS

  • WORLDBID AUCTION- 3 properties sold together
  • 150ft of frontage
  • office-retail building and 2 SFRs all sold together
  • Bids due may 21st
  • redevelopment opportunity or use as built now

OVERVIEW

Worldbid Auction - Bids due on or prior to May 21st noon PDT. Qualifying round sealed bids must accompany proof of funds. Please review the offering memorandum for bidding instructions. This property consists of a 3,750sf former pet hospital and two 952sf rental houses with 500 sf basements and off street parking. Each of the 3 buildings sit on a 0.11 ac CM3 zoned lot. The former pet hospital and one of the rental houses are vacant while one rental house has a month to month tenant at $1,248/mo. This is perfect for an owner user that would like additional rental income or for a redevelopment utilizing the CM3 zoning for a commercial mixeduse market rate or affordable housing development up to 6 stories tall (7 if bonuses are awarded), with parking only required if there are over 30 units of residential. There is 150’ of frontage on Sandy Blvd that borders the highly coveted Laurelhurst neighborhood, allows access to the onramp of Interstate 84, all while being less than 1.5 miles from Portland Providence hospital, and only 1/2-mile to the new City Target, Trader Joes, 24-hour fitness, and Hollywood Transit Center in Hollywood. There are many boutique businesses, some of the city’s best and well known restaurants and coffee shops are within walking distance as well. Check with listing broker about potential to increase the development size. Properties will be sold in as is condition, seller is not making any repairs. one SFR will be sold with tenancy. See braunworldbid.com for property information, three parcels included in the auction - R479107460 , R479107450 R479107440

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3 PROPERTY WORLDBID AUCTION - ALL ADJOINING

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CM3

APN/PARCEL ID

R203127

ASK ABOUT THIS PROPERTY

Marc MischeBraun InternationalMore Info
310-798-3123

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Marc MischeBraun InternationalMore Info
310-798-3123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.